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Oil Surges Past $100 as Saudi Arabia Shuts Strategic Pipeline
ParkietLO·SA·1 day ago
Satellite images analyzed by BBC Verify reveal significant damage to a critical oil pipeline, leading to its shutdown. Experts estimate the closure could reduce global oil supplies by up to 3.6 million barrels per day, a substantial supply shock. The cause of the damage is not yet confirmed, and the duration of the outage remains uncertain, posing risks to global energy markets.